Putnam ESG Core Bond ETF (NYSEARCA:PCRB) Sees Strong Trading Volume – Still a Buy?

Putnam ESG Core Bond ETF (NYSEARCA:PCRB) saw strong trading volume on Tuesday . 27,326 shares changed hands during mid-day trading, an increase of 13% from the previous session’s volume of 24,096 shares.The stock last traded at $48.39 and had previously closed at $48.16.

Putnam ESG Core Bond ETF Price Performance

The business has a fifty day simple moving average of $48.37 and a 200 day simple moving average of $48.41.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in PCRB. Jane Street Group LLC boosted its position in Putnam ESG Core Bond ETF by 1,753.6% during the first quarter. Jane Street Group LLC now owns 300,809 shares of the company’s stock worth $14,692,000 after purchasing an additional 284,581 shares in the last quarter. Flow Traders U.S. LLC raised its stake in shares of Putnam ESG Core Bond ETF by 211.7% during the 1st quarter. Flow Traders U.S. LLC now owns 35,412 shares of the company’s stock worth $1,730,000 after buying an additional 24,050 shares during the last quarter. Cambridge Investment Research Advisors Inc. boosted its position in shares of Putnam ESG Core Bond ETF by 44.4% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 16,941 shares of the company’s stock worth $827,000 after buying an additional 5,210 shares in the last quarter. Citadel Advisors LLC grew its stake in Putnam ESG Core Bond ETF by 151.5% in the 4th quarter. Citadel Advisors LLC now owns 25,502 shares of the company’s stock valued at $1,225,000 after acquiring an additional 15,361 shares during the last quarter. Finally, Riverwater Partners LLC acquired a new position in Putnam ESG Core Bond ETF during the fourth quarter worth about $1,517,000.

Putnam ESG Core Bond ETF Company Profile

The Putnam ESG Core Bond ETF (PCRB) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund broadly invests in investment grade US fixed income securities that meet certain environmental, social and governance criteria on a sector-specific basis. The actively managed targets bonds with maturities of three years or more.